ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Thursday approved US$ 90 million for the restoration of Karakoram Highway, out of the financial help provided by the Chinese Government.
The credit facility had been extended by China as part of a larger confessional facility for the post flood rehabilitation and reconstruction in the communication, energy and transport sectors.
The operationalization of Karakoram Highway has been a priority of the government due to its strategic significance, being an important means of communication for the people, as well as an important trade route.
CRBC has restarted expansion work on KKH after release of the funds.
In another development, the ECNEC Friday approved four projects from Transport and Communications Sector including Reconstruction/Rehabilitation of assets damaged during 2010 floods, National Highway Improvement Programme (N-5) Revised, Rehabilitation and Construction of damaged Section of NHA Roads Totaling 127.77 km kin the Earthquake affected areas (Revised), Realignment KKH at Barrier Lake, Attabad, Hunza and Gilgit-Baltistan (17 km new-7+Km rehabilitation).